Comments for Tax Differences

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Jun 30, 2011
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Late Fees and Penalties
by: Anonymous

If you forgot to mail in your 2006 income tax statement that showed you owing $1,500 and now they sent you a letter saying you owe $6,000, the difference is due to a late filing penalty and interest owed on the $1,500. You can try and negotiate a lower amount with them or establish a repayment plan.

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